TON 2.22% 4.4¢ triton minerals ltd

AMG

  1. 1,576 Posts.
    lightbulb Created with Sketch. 12
    Column 1 Column 2
    0 AMG Advanced Metallurgical Group N.V. Signs Agreement to Sell 40% Equity Stake in AMG Graphit Kropfmühl GmbH and 10.33% Equity Stake in Bogala Graphite Lanka PLC 12/22/2014
    1 mce-anchorDownload this Press Release
    2 Amsterdam, 22 December 2014 (Regulated Information) --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce the signing of a definitive agreement to sell a 40% equity interest in AMG Graphit Kropfmühl GmbH ("AMG Graphite") by way of a capital increase in combination with a 10.33% equity interest in Bogala Graphite Lanka PLC ("Bogala") to Alterna Capital Partners ("Alterna") for a combined cash price of $38m. The transaction is expected to close during the first quarter of 2015 and is subject to certain closing conditions including regulatory approvals.The transaction is in line with AMG's strategy to expand its critical materials business while, at the same time, continuing to reduce net debt. Dr. Heinz Schimmelbusch, Chief Executive Officer of AMG, stated, "Natural Graphite has a high growth potential and we have to reposition our global value chain to benefit from this opportunity. We are pleased to have found a partner who shares our views and values".Roger Miller, Managing Partner of Alterna, stated, "We are excited to partner with AMG and their management team to progress AMG Graphite's growth strategy. We believe AMG Graphite has demonstrated a strong track record of providing customers with high quality products and services and the Company is well positioned for continued growth".AMG Graphite is one of the world's leading graphite producing and refining companies, with mining activities in Germany, Africa and Asia. AMG Graphite has more than 140 years of experience producing the highest quality natural graphite products through its own source mines and vertically integrated production facilities.Bogala Graphite Lanka PLC produces high quality natural vein graphite from its mine in Sri Lanka. With a unique crystalline structure, vein graphite outperforms other types of macro crystalline graphite found elsewhere in the world. With an 80% shareholding, AMG Graphite will remain the majority shareholder in Bogala Graphite Lanka PLC.
 
watchlist Created with Sketch. Add TON (ASX) to my watchlist
(20min delay)
Last
4.4¢
Change
-0.00(2.22%)
Mkt cap $38.66M
Open High Low Value Volume
4.5¢ 4.5¢ 4.4¢ $2.937K 65.26K

Buyers (Bids)

No. Vol. Price($)
4 240616 4.4¢
 

Sellers (Offers)

Price($) Vol. No.
4.5¢ 78886 1
Last update - 10.36am 24/10/2018 (20 minute delay) ?
TON (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.